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revenue increases. joining me now are our msnbc analysts, ezra klein and jared bernstein. ezra, we have the simpson-bowles to deal with, but most important thing, i'm scheduled to fly next friday. i have a change of planes here, what does that look like? how many air traffic controllers working? one per airport? what is going on. >> i wouldn't say the air traffic controller situation was looking so great before, i have flown out of jfk before. it is not easy, but the big thing about the sequester is not the amount of cuts that are crazy, although they are probably too high. it is not where the cuts are even going in a broad way is crazy. it is even within that, what we have done with the sequester is we can't choose where the cuts go. we can't say air traffic controllers, we actually need that. what we don't need so much of is farm subsidies, we get everything except a number of sort of social security and medicaid and a couple of other low income programs. everything else gets the exact same percentage cut no matter how valuable it is. so your air traffic controllers get nailed even as
contributor jared bernstein, former chief economist to vice president biden and we welcome back new york republican congresswoman nan hayworth. in my world of free market economics as you know, spending cuts, limited government, stronger private sector, great for economic growth, happened during the clinton years, happened during the reagan years, happened after world war ii, it happened during the calvin coolidge '20s. >> uncle, uncle. >> the calvin coolidge '20s. >> i think your $44 billion is a legitimate number because that's t o the outlays versus the cuts which takes place over more than one year. it comes out of the economy, just not in one year. if you look at the nonpartisan shops who have looked at the impact on the economy, they all coalesce around one number. they say this sequestration if it takes effect and holds will take about .5% of gdp growth out of the 2013 economy. now, that doesn't sound very good to me. we were just talking about how the economy's already growing too slow as far as we're concerned. i don't believe the fourth quarter recessionary number. i think that
and jared bernstein next. >>> if congress allows this meat cleaver approach to take place it will jeopardize our military readiness to take place, border controls will see their hours reduced. fbi agents will be furloughed. federal prosecutors will have to close cases and let criminals go. air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country. thousands of teachers and educators will be laid off. >> president obama made it real today showing exactly what will be cut if the sequester spending cuts take effect next week. the president also made it clear that any potential replacement for the sequester must be balanced. >> republicans have proposed some ideas, too, and so far at least what they have expressed is a preference where they would rather have these cuts go into effect than close a single tax loophole for the wealthiest americans. not one, well, that is not balanced. that would be like democrats saying we have to close our deficits without any spending cuts whatsoever. it is all taxes. that is not the position democrats
that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a good eye, what caught yours? >> one thing i saw was the revisions to last year's employment growth was such that i thought we were adding 150,000 jobs a month in 2012. i thought it was okay. turns out we're adding 180,000 jobs per month last year. so we did a bit better. over 2 million jobs on the year. now on the gdp side, most economists, don't think it will stick. i think it it volatility, i think there were unusual things that happened. in the quarter to quarter changes, it is better to look year over year. >> and do you mean what happens in a month or two we'll get the updated numbers and it will say we grew by .4 or something? >> that is what i'm saying -- >> the initial measures are usually off by 1.3%, they're all preliminary. >> i go year to year, 1.5% is the gdp growth year to year. now if gdp is growing around 1.5%, which i think it probably is, tha
is congresswoman marcy kaptur, democrat of ohio and jared bernstein, a former economic policy adviser to vice president joe biden. he is also a cnbc and msnbc contributor. thank you both so much for being here. i'm sorry i made you sit through the alaska gun rights thing. >> it's fascinating. >> there is a lot going on that we aren't working on because we're working on this problem that we created for ourselves. jared, let me start with you. how it is only 6% of americans understand what is true about the deficit right now? >> i think it has to do a lot with all the noise that is trying to point there in the other direction. there are a lot of people in this town whose policy agenda, whose ideology really depends on everyone's hair being on fire about the budget deficit. because their ultimate goal is to cut government, to slash government, to get rid of social insurance. and if people actually are aware of the kind of numbers you just showed, the fact that the deficit has fallen by half as a share of gdp. they say we have a spending problem. i just looked at the numbers the other day. betwee
bernstein. jared, okay, tell us. why is the number nine the right number at the right time when it comes to the minimum wage? >> because if you look at the history of minimum wage increases, they've always been in the kind of range that we're contemplating if we're talking about going from the current federal level of $7.25 to $9 in 2015. the chart that you're showing there is one that i made over the weekend. i don't know what you do for fun on the weekends, but i like to take the alog rhythm of minute pages -- thanks for allowing me to talk about log rhythms on television. if there are children questioning whether you use your math in real life, sometimes you do. this shows that historically percentage changes in minimum wage increases have all been fairly much in the same change and that range right now would take us to about $9 an hour. that's important because at that range you don't see the kind of job loss effects that opponents predict. >> okay. jared, well, you have just offered us some mathematical science. here is what republicans think of raising the minimum wage. take a list
on this. congresswoman wasserman shultz, jared bernstein, thanks for your time tonight. >> thank you. >>> america, this is what losing looks like. president obama has eric cantor rebranding the gop again. but he kind of sounds like someone else i know. >>> and one week from the state of the union we go inside the obama strategy to sell his agenda. >>> plus there are lots of ways to make change. actress and activist diane carroll is one of them. the first black woman to star in her own primetime tv series joins me live. big show coming from los angeles. stay with us. ♪ >>> have you joined the "politicsnation" conversation on facebook yet? we hope you will. today many shared their thoughts on trayvon martin. today would have been his 18th birthday. cynthia says happy birthday, trayvon. a life taken too early. bonnie says my heart goes out to his family on this day. tony says may he and this nation's many victims of gun violence rest in peace. may the rest of us fight for return to neighborliness and sanity in the usa. i agree, tony. we'd like to have you share your thoughts with us t
and jared bernstein, thank you so much for joining us. >>> coming up, the chuck hagel vote and proof that politics in washington these days are nothing more than petty and personal. stay with us. >> no need to panic. it's not like we're four days away from everything we know as it's american way of life being destroyed, which is why i have in no way spent the last eight hours having sex with literally everything that moved. [ male announcer ] this is the opposite of subliminal advertising... there's no subtext... just tacos. yeah, it's our job to make you want it. but honestly... it's not that hard. old el paso. when you gotta have mexican. investors could lose tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay... they don't have hidden fees... hey fern. the junk drawer? why would they... is that my gerbil? you said he moved to a tiny farm. that's it, i'm running away. no, no you can't come! [
pointing his fingers. let's get to our guests. with us from washington machines contributor jared bernstein, who is a senior fellow at the center on budget and policy priorities. and we're delighted to have with us congresswoman jan schakowsky, democrat of illinois. good afternoon. congresswoman, we're on the verge of a hat trick of self-inflicted wounds. we've had the debt ceiling fight. we've had the fiscal cliff fight. now we've got the sequester. can i ask you, is this some kind of sick joke that elected representatives enjoy playing on the american people? because which other civilized nation enjoys subjecting its people to this kind of economic anxiety, what is it, every three months? >> you know, there might be some explanation if there were some political advantage to be gained, but you just read that poll that the poip partisanship that the republicans are showing is not going over well with the public. maybe the loss of 750,000 jobs and perhaps sending us into a double dip recession is at stake and the lives of middle class people and -- >> how about 4,000 children in new jersey n
. meanwhile jared bernstein and robe robert, i appreciate both. joining us next senator johnson and former democratic governor robert dean. i'm kudlow, we are coming right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back to this special edition of the kudlow report. we are joined by howard dean. former democratic national committee chair. we welcome back mr. johnson. it is a pleasure. thank you for helping us tonight. i want to ask you off the top. the economy is sluggish as you well know. do you expect any pro growth measures from president obama in tonight's state of the union. >> i sure wish he would talk about growing the economy. that he is just right there diversed. but i'm afraid he won't. i'm afraid he will be talking about increasing taxes and that is not going to take care of this pro grow
obama adviser jared bernstein thinks econic austerity ishe wrong medicine to take right now. >> you have public governments across europe and the united states sort of pulling out their fiscal supports too soon and that's hurting the middle class. >> reporter: of course conservatives consider bloated public spending a burden that threatens long-run economic growth which would hurt the middle class. and that's part of the problem, there are sharp differences over the best way to generate middle class jobs. and there is also a cultural piece of the puzzle. tucked away in our collective memories is the id that a mide class jorequiring hard work and basic skills can and should support a family for life. >> we came out of world war two with a very, very untouched economy and the rest of the world was in ruins literally. and we benefited enormously from that and people think back to that era and think, gee, we should be able to do that again. >> reporter: but that is less and less likely in a world where global competition and rapidly changing technology are washing away and replacing middle c
for geouncertainty and our guest hosts for this hour, jared bernstein who works as the chief economist for joe biden. tony is joining us and capital alpha markets managing director chuck gabriel. they're also going to talk state of the union. john harwood sat down with dave axlerod yesterday. he will join us. later we're going to be joined by valley jarrett, denny hoyer and jeb hensarling. and our corporate newsmaker of the morning, mutar kent, the coca-cola chairman and ceo set to talk earnings and outlook, that's all coming at 8:00 a.m. eastern. but first, michelle has this morning's headlines. michelle. >> yeah. the national transportation safety board investigating whether tiny fibers inside the lithium ion batteries could have played a role in battery failures on boeing dreamliners. the tiny formations are known as dendrites. battery experts say they can cause short circuits. >>> banquet's hosty brands has received the go ahead to continue with bankruptcy for some of its brands. moody's says down side risks have proceeded in the last few months. the ratings agency expects real growth of the g-2
on this economy. it is political malpractice. >> indeed, it is. jared bernstein and dana milbank, thank you so much. >> thank you. >>> much more ahead, but first a lighter moment with the president as he announces his latest cabinet pick. >> when sally's confirmed, i'm willing to bet that she will be the first secretary of the interior who frequently hikes and once spent a month climbing mountains in antarctica which is not something i'd do. because it seems like it'd be cold. and i was born in hawaii. ♪ [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need withou
on the economy, particularly in hiring. here to help us sort it out, jared bernstein. always good to see you. good morning. >> good morning. thank you. >>> look, the republicans' in congress argument will frankly small business in particular just can't afford it. what does history tell us. >> that's exactly the right question. we have dozens of federal minimum wage increases that have taken place, but we also have something like 19 stays -- by the way i was trying to figure out if these were the happy states. i have to go back and do a cross tab on that. but we have about 19 states that have raised their own minimum pages. so we have something unusual and helpful, a set of signal experiments over time and across states. this research has been extremely conclusive. these job loss effects hover around zero. some fin small loss effects, but on net, the benefits of the increase by a large margin fall to the people they're supposed to, low-wage workers get a boost. >> at some point where does this money come from? the order argument is the businesses have to pass on the costs. >> that's exactly r
is a krnter for thegrio.com and an msnbc contributor and jared bernstein is senior fellow at the center of budget and policy priorities. speaker john boehner says, and i'm quoting him, the revenue issue is now closed. jared, given that the president has already given a 2 to 1 ratio in terms of cuts to revenues, if anything should be closed, it's any further cuts, isn't it? >> exactly. the spending cuts thus far amount to $1.5 trillion over ten years and the tax increases $600 billion. so that's larger than a ratio of $2 of cuts to $1 of tax increases. and you're getting right to the heart of something that perhaps we don't quite focus on enough, which is why the heck are we stuck here? and the answer is that -- >> please, tell us. >> the answer is that republicans refuse to give on revenues. the president's plan that kristin was just referring to, that offers significant cuts, and not just cuts in discretionary spending of the type that the sequester has, but cuts in entitlements, the thing that -- kind of the holy grail for a lot of republicans and outside of many democrats' comfort zo
goolsbee and jared bernstein. their predictions and reaction to the number in a special jobs friday hour of "squawk box" that you can only see here on cnbc. and don't forget you can find "squawk box" online and on mobile, too. follow us on twitter @squawkcnbc is the handle. like us on facebook if you want a little thumbs up, and you can of course visit us on our show page squawk.cnbc.com. and there's been a lot of new stuff that's been going off on these pages so check it out. >>> welcome back, everybody. let's chat with's guest host kelly king who is chairman and ceo of bb&t. we were talking about how businesses want to be optimistic, ceos want to be optimistic. what's holding them back? >> well, a continuing concern about all of the areas of uncertainty. it's interesting, ceos want to do business. they want to grow. they want to add employees. that's how we make money. that's how we reward our shareholders. and for almost five years now everybody's been holding back. you know, not making investments. and so the question is why not now? but for ceos to make long-term investments they ha
priorities, jared bernstein, and new york making sfwleen contributing editor benjamin wallace wells. >> president obama takes to the skies with a message on gun safety and will deliver a speech in minneapolis just two hours from now. among his top priorities? instituting universal background checks, the focus of a six-figure super bowl ad taken out by mayors against illegal guns and broadcast last night to the beltway audience. >> the nra once supported background checks. >> we think it's reasonable to provide mandatory instant criminal background checks for every sale at every gun show, no loopholes anywhere for anyone. >> america can do this for us. please. >> the ad highlights the nra's slide towards irrationality since law pierre throated his full support for background checks. >> the craziness of the extreme pro-gun lobby has been revealed, and that has got to move the debate. it's got to move the legislation to at least some degree. >> the nra is now revealed as an insan organization, and that matters quite a lot. >> criticism of the nra is no longer the purr view of the "new
anyway. >> angela rye and jared bernstein, thanks for your time tonight. >> thank you, reverend al. >> ahead, honoring rosa parks on her 100th birthday. she refused to stand up and allow this nation to move forward. but, first, obama critics unhinged. it's the new birthers and it's all about this photo. stay with us. [ female announcer ] caltrate's done even more to move us. because vitamin d3 helps bones absorb calcium, caltrate's double the d. it now has more than any other brand to help maximize calcium absorption. so caltrate women can move the world. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> right wingers can't believe their eyes. lilt rally. maybe they need some politics nation glasses. that's next. pering ] i've always preferred the crème part of an oreo. [ whispering ] that's crazy, the cookie's the best part. crème. co
debut, senior fellow at the center on budget and policy priorities, jared bernstein, and msnbc political analyst and former dnc communications director karen finney. one year ago president obama vowed to go it alone if republicans in congress continued to stonewall. >> as long as i'm president, i will work with anyone in this chamber to build on this momentum, but i intend to fight obstruction with action, and i will oppose any effort to return to the very same policies that brought on this economic crisis in the first place. >> the president has followed through on that threat and seems ready to double down. seven months ago he signed an executive action to stop the deportation of the children of undocumented immigrants. seven weeks ago he eased the citizenship application process for undocumented workers with close family members already living in the united states, and three weeks ago the president announced 23 executive actions on gun safety. now there are reports he is prepping a flurry of new executive actions, including mortgage relief for struggling homeowners allowing hem to ref
congressional arms. will the strategy break the gridlock? we will discuss the president's to do list with jared bernstein, eugene robinson, karen finney, and rick hertzberg. >> marco rubio is set to give the official gop response and ran paul plans to offer his own rebuttal. whose party is it anyway? we'll talk about the unlikely new third rail of republican politics, karl rove. all that when "now" starts in a mere 180 seconds. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a
of african studies at lehigh university and jared bernstein is an msnbc contributor and former adviser to vice president joe biden. and we are watching live pictures of a cloture vote in the senate that will determine the path forward for secretary of defense nominee chuck hagel. as soon as we get the results, we will provide them. but, jared, if i can start with you, republicans are rushing to rescue mr. rubio after his disastrous rebuttal to the president, but i think much worse than his uncontrolled perspiring was his call for a balanced budget amendment, something that would require brutal cuts and austerity. now, just today the european union statistical office has confirmed that the entire region of europe, the eurozone, is experiencing a recession, and while economic growth here in the u.s. jumped by 2.2% in 2012, it shrank by half a% in the eurozone, precisely because of the same policies that rubio espouses. so, jared, shouldn't we be focused on mr. rubio's ludicrous economic policies rather than his inability to cope with prime time television? >> i mean, if you wanted a set
when i'm joined by deputy mayor howard wolfson, joye reid, jared bernstein, and ezra cline. plus, dr. richard rezen that will will be here to talk about mental health indication. you can find us at facebook.com/now with alex. andrea mitchell reports is coming up next. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his bl
of politico and msnbc contributor and senior fellow at the center of budget and policy priorities, jared bernstein. >>> while president obama continues to warn of the damaging effects of the sequester and republicans lob insults from the sidelines, you'd never know anything was wrong from the market. damn the sequester screams one headline. the dow closed up another 50 points yesterday to settle above 14,000 while the s&p reached a five-year high. there are danger signs ahead. earlier this month, the cbo warned the sequester will have economic growth in 2013 and result in 750,000 lost jobs, but the collective eye roll of the market have been mirrored in the empty hallways of the capitol as lawmakers continue to enjoy a week-long break. complacency is further fuelled by the deadline is malleable. they won't fall apart on sequester day of reckoning said an aide. what actually happens on march first, nothing. nothing happens. while the meet cleaver may not fall on day one, things spiral in the days and weeks ahead. today secretary of defense leon panetta notified congress of the pentagon's
of coming down exactly the wrong medicine. >> absolutely. jared bernstein and congresswoman eddie bernese johnson, thank you both for joining us. catch more of the rep rend al sharpton's interview with the president on "politics nation" tonight at 6:00 p.m. >>> next, vice president joe biden keeps pushing. stay with us. >> we also asked him about the heated he can change from yesterday and that jerk comment. >> do you regret calling that man a jerk yesterday? >> of course not. i call people jerks all the time. they call me a jerk all the time. that's what it's supposed to be about. it's supposed to be fun. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lo
, the bears have not stopped against this company and its stock including jared bernstein. we know the numbers are great, been the fastest software company. we know that deferred revenue number, that's the best barometer of future earnings is growing by leaps and bounds. we believe when he says he will soon surpass industry giant s.a.p. as the largest customer management software company in the world. we recognize how difficult it is in these tough times to rack up an 11-cent earnings beat off a 40-cent basis on sharply higher than expected revenues, including 157-figure deals and astounding nine eight-figure deals. two of the largest companies in europe. the bernstein bears and their ilk keep leading us wrong. we've got to keep asking questions about oracle, microsoft, s.a.p., as the bears constantly insist one day this fabulous growth story must end. although, sorry, after tonight, i just don't think the predictions even remotely in sight. how does salesforce keep succeeding? being the fastest growing tech company. i always tell you to go to the website, look at the testimonials. it's not ev
and policy priorities, jared bernstein. >>> while president obama continues to warn of the damaging effects of the sequester and republicans lob insults from the sidelines, you'd never know anything was
me now, msnbc contributor jared bernstein who served as vice president biden's chief economist and economic policy adviser. i don't know if you heard the tease before the break there, jared, here's the deal. i said you were the only guy we're going to trust to tell us if it's happy days are here again. is it? >> that's very nice of you. i wouldn't say happy days are here again. i would definitely say sad days in terms of recession are very much behind us, even with that fourth quarter gdp. according to the report, the economy contracted by .10%. i don't think that's going to stick. most economists believe it was driven by some unusual things that won't be there once they revise those numbers. but the economy is essentially growing too slowly. it's growing below a trend growth rate that would be fast enough to give people the kinds of job opportunities they need, bring the unemployment rate down a lot more quickly. that's what's been missing. >> okay. what about this story on today's "new york times" front page which says "as u.s. growth lags, some press the fed to do still more
Search Results 0 to 49 of about 52 (some duplicates have been removed)